Gross domestic product (GDP), annual growth rate in Bahamas
Bahamas: Gross domestic product (GDP), annual growth rate was 1.37 % change on previous year in 2023. ◆ Volatile
Latest (2023)
1.37 % change on previous year
Change on year
down 94.8%
World rank
114th
of 184 countries
All-time high
26.13 % change on previous year
in 2022
All-time low
-25.03 % change on previous year
in 2020
Years of data
53
1971–2023
Gross domestic product (GDP), annual growth rate in Bahamas, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Bahamas stood at 1.37 % change on previous year.
Compared with earlier readings it is down 94.8% on the previous year and up 108.7% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Bahamas peaked at 26.13 % change on previous year in 2022 and was at its lowest, -25.03 % change on previous year, in 2020.
Bahamas ranks 114th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Bahamas, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 3.08 % change on previous year | — |
| 1972 | -5.33 % change on previous year | -273.2% |
| 1973 | 8.06 % change on previous year | -251.3% |
| 1974 | -11.69 % change on previous year | -245.0% |
| 1975 | -23.83 % change on previous year | +103.9% |
| 1976 | 10.73 % change on previous year | -145.0% |
| 1977 | 6.27 % change on previous year | -41.5% |
| 1978 | 17.14 % change on previous year | +173.2% |
| 1979 | 5.7 % change on previous year | -66.7% |
| 1980 | 23.41 % change on previous year | +310.6% |
| 1981 | -15.86 % change on previous year | -167.8% |
| 1982 | 5.94 % change on previous year | -137.5% |
| 1983 | 9.6 % change on previous year | +61.6% |
| 1984 | 20.81 % change on previous year | +116.7% |
| 1985 | 3.52 % change on previous year | -83.1% |
| 1986 | -1.75 % change on previous year | -149.8% |
| 1987 | 11.17 % change on previous year | -737.7% |
| 1988 | -2.53 % change on previous year | -122.7% |
| 1989 | 6.69 % change on previous year | -364.2% |
| 1990 | -9.52 % change on previous year | -242.4% |
| 1991 | -5.36 % change on previous year | -43.7% |
| 1992 | 2.97 % change on previous year | -155.4% |
| 1993 | -2.16 % change on previous year | -172.7% |
| 1994 | -2.97 % change on previous year | +37.4% |
| 1995 | -1.89 % change on previous year | -36.3% |
| 1996 | 21.56 % change on previous year | -1241.4% |
| 1997 | -1.45 % change on previous year | -106.7% |
| 1998 | 6.54 % change on previous year | -551.2% |
| 1999 | 12.41 % change on previous year | +89.8% |
| 2000 | 7.82 % change on previous year | -36.9% |
| 2001 | -3.98 % change on previous year | -150.9% |
| 2002 | 19.66 % change on previous year | -593.4% |
| 2003 | -3.1 % change on previous year | -115.8% |
| 2004 | -4 % change on previous year | +29.1% |
| 2005 | 12.12 % change on previous year | -403.0% |
| 2006 | -7.85 % change on previous year | -164.8% |
| 2007 | 9.7 % change on previous year | -223.5% |
| 2008 | -5.47 % change on previous year | -156.5% |
| 2009 | 0.3902 % change on previous year | -107.1% |
| 2010 | -3.52 % change on previous year | -1001.1% |
| 2011 | 4.21 % change on previous year | -219.7% |
| 2012 | 6.53 % change on previous year | +55.1% |
| 2013 | -15.65 % change on previous year | -339.9% |
| 2014 | 12.37 % change on previous year | -179.0% |
| 2015 | -7.09 % change on previous year | -157.4% |
| 2016 | -2.23 % change on previous year | -68.6% |
| 2017 | 3.44 % change on previous year | -254.7% |
| 2018 | -1.5 % change on previous year | -143.4% |
| 2019 | 3.24 % change on previous year | -316.9% |
| 2020 | -25.03 % change on previous year | -871.5% |
| 2021 | 9.81 % change on previous year | -139.2% |
| 2022 | 26.13 % change on previous year | +166.3% |
| 2023 | 1.37 % change on previous year | -94.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.13 % change on previous year | -23.83 % change on previous year | 17.14 % change on previous year | 9 |
| 1980s | 6.1 % change on previous year | -15.86 % change on previous year | 23.41 % change on previous year | 10 |
| 1990s | 2.01 % change on previous year | -9.52 % change on previous year | 21.56 % change on previous year | 10 |
| 2000s | 2.53 % change on previous year | -7.85 % change on previous year | 19.66 % change on previous year | 10 |
| 2010s | -0.0198 % change on previous year | -15.65 % change on previous year | 12.37 % change on previous year | 10 |
| 2020s | 3.07 % change on previous year | -25.03 % change on previous year | 26.13 % change on previous year | 4 |
Countries ranked near Bahamas
- 111 South Korea 1.5 % change on previous year compare
- 112 Taiwan 1.46 % change on previous year compare
- 113 Tajikistan 1.41 % change on previous year compare
- 115 Colombia 1.37 % change on previous year compare
- 116 Canada 1.31 % change on previous year compare
- 117 Grenada 1.28 % change on previous year compare
More economy & growth data for Bahamas
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9419 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 162.94 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 406.05 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240.55 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -25.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0152 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 599.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Bahamas?
- Gross domestic product (gdp), annual growth rate in Bahamas was 1.37 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Bahamas?
- The highest recorded value was 26.13 % change on previous year in 2022.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Bahamas?
- The lowest recorded value was -25.03 % change on previous year in 2020.
- How does Bahamas rank for gross domestic product (gdp), annual growth rate?
- Bahamas ranks 114th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Bahamas?
- Over the last ten years it is up 108.7%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.